Da Yu Financial (HKG:1073) expects a net profit of about HK$21 million in 2024, compared with a net loss of approximately HK$162 million recorded in the previous year, according to a Thursday filing with the Hong Kong bourse.
The company attributed the expected profit to increased fee income and bond investment income and the absence of HK$172 million non-cash goodwill impairment.
The company is expected to publish full-year results by the end of March.
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